Practical Training and the Audit Expectations Gap: The Case of Accounting Undergraduates of Universiti Utara Malaysia

Journal of Financial Reporting and Accounting (Emerald Publications), IGI Global 2016 (Finalized and revised version)

34 Pages Posted: 21 Mar 2010 Last revised: 12 Feb 2016

See all articles by Azham Md. Ali

Azham Md. Ali

Universiti Utara Malaysia

Teck Heang Lee

Tunku Abdul Rahman University (UTAR)

Rosli Mohamad

Universiti Utara Malaysia - College of Business

Nor Zalina Mohamad Yusof

Universiti Utara Malaysia - School of Accountancy

Marianne Ojo D Delaney PhD

American Accounting Association; Centre for Innovation and Sustainable Development (CISD)

Date Written: June 1, 2007

Abstract

The accounting profession has long faced the issue of an audit expectation gap; being the gap between the quality of the profession’s performance, its objectives and results, and that which the society expects. The profession believes that the gap could be reduced over time through education. Studies have been carried out overseas and in Malaysia to determine the effect of education in narrowing the audit expectation gap. Extending the knowledge acquired, this paper investigates whether academic internship programs could reduce the audit expectation gap in Malaysia. Using a pre-post method, the research instrument adapted from Ferguson et al. (2000) is administered to the Universiti Utara Malaysia’s accounting students at the beginning and end of their internship program. The results show there is a significant change in perceptions among students after the internship program. However, changes in perceptions do not warrant an internship program as a means of reducing the audit expectation gap as misperceptions are still found among respondents on issues of auditing after the completion of the internship program. Nevertheless, an internship program can still be used to complement audit education in a university as it is an ideal way to expose students to professional issues and enables them to have a better insight of the actual performance and duties of auditors.

Keywords: Audit Expectation Gap, Accounting Internship, Undergraduate, Malaysia

JEL Classification: M49, A20

Suggested Citation

Md. Ali, Azham and Lee, Teck Heang and Mohamad, Rosli and Mohamad Yusof, Nor Zalina and Ojo D Delaney PhD, Marianne, Practical Training and the Audit Expectations Gap: The Case of Accounting Undergraduates of Universiti Utara Malaysia (June 1, 2007). Journal of Financial Reporting and Accounting (Emerald Publications), IGI Global 2016 (Finalized and revised version). Available at SSRN: https://ssrn.com/abstract=1575602 or http://dx.doi.org/10.2139/ssrn.1575602

Azham Md. Ali

Universiti Utara Malaysia ( email )

Sintok
COLGIS, UUM
Sintok, KY KEDAH DARUL 06010
Malaysia

Teck Heang Lee

Tunku Abdul Rahman University (UTAR) ( email )

Sungai Long Campus Lot PT 21144
Bandar Sg. Long, Cheras, Selangor D.E.,
Bandar Sungai Long, 43000
Malaysia

Rosli Mohamad

Universiti Utara Malaysia - College of Business ( email )

Accounting Building
Sintok, Kedah 06010
Malaysia
+604-9283973 (Phone)

HOME PAGE: http://web.uum.edu.my/rosli/

Nor Zalina Mohamad Yusof

Universiti Utara Malaysia - School of Accountancy ( email )

Sintok, Kedah Darul Aman 06010
Malaysia

Marianne Ojo D Delaney PhD (Contact Author)

American Accounting Association ( email )

5717 Bessie Drive
Sarasota, FL 34233-2399
United States

Centre for Innovation and Sustainable Development (CISD) ( email )

United States

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